By Kim Richters

Royal KPN NV said it has rejected an unsolicited takeover offer by private-equity firms EQT AB and Stonepeak Infrastructure Partners, and a separate one by investment firm KKR & Co.

"The boards concluded to reject both unsolicited approaches as they did not provide tangible and material added value to KPN's widely supported new strategy," the Dutch telecommunications company said Sunday, adding that there haven't been and are no negotiations with the suitors.

EQT, Stonepeak and KKR didn't immediately respond to a request for comment Monday.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

May 03, 2021 01:59 ET (05:59 GMT)

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